Tag Archives: GDP data

India’s shrinking economy does not prevent foreign investors from pouring money into the nation’s stocks betting on a recovery. International buyers invested $ 6 billion net in stocks in Asia’s third-largest economy in August, the most since March last year. That’s because all the other markets in the region except …

India’s record contraction last quarter delays economic progress by several years and leaves Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion nearly out of reach. The 23.9% drop in gross domestic product in the June quarter from a year earlier, the …

The Indian economy was in one of its worst slowdown phases even before the Covid-19 pandemic. GDP growth fell continuously for eight quarters (except for a flash of 0.08 percentage points between December 2018 and March 2019. It was 8.2% in March 2018 and had fallen to only 3.1 % …

Chief economic adviser Krishnamurthy Subramanian said “the recovery is clearly underway” Highlight COVID-19 has caused exogenous impact in India, says Chief Economic Advisor Krishnamurthy Subramanian says undoubtedly the numbers must be better ahead The country’s GDP contracted 23.9% in the June quarter The coronavirus pandemic has had an exogenous impact …

Written by Udit Misra, Nushaiba Iqbal | New Delhi | Updated: September 1, 2020 7:10:53 am Migrant workers return to New Delhi from parts of Uttar Pradesh on August 8, 2020 (Photo Express: Praveen Khanna). Although most people expected India’s GDP to show a substantial contraction when the Ministry of …

The collapse of gross domestic product (GDP) growth by 23.9% for the period from April to June is not a surprise. The economy was under strict lockdown for most of the time to contain the pandemic. However, a little research turns up interesting trends. Mint take a look. What does …

Rahul Gandhi said this morning that the government is “attacking the informal sector.” New Delhi: The leader of Congress, Rahul Gandhi, this morning accused the government of attacking the informal sector with his three movements: demonetization, closure and GST. “India’s economy is experiencing a slowdown for the first time in …

National stock markets gave up all their intraday gains in a volatile session on Monday, ahead of the release of official data on the country’s GDP for the April-June period amid growing geopolitical tensions between India and China. The S&P BSE Sensex Index fell to 1,240 points from a six-month …

Written by Aanchal magazine | New Delhi | Updated: August 31, 2020 6:56:37 am According to the Center for Monitoring the Indian Economy (CMIE), salaried jobs suffered the greatest impact during the shutdown, with a total loss estimated at 18.9 million during April-July. The Gross Domestic Product (GDP) from April …